Harsha Engg Intl

What does Harsha Engg Intl do?

Harsha Engineers International Ltd is a Small Cap company in the Other Industrial Products industry, incorporated in 2010, with recent net sales of 373 Cr and a net profit of -2 Cr as of March 2025. Key metrics include a P/E of 33.00 and a market cap of Rs 3,997 Cr.

Overview:<BR>Harsha Engineers International Ltd operates in the Other Industrial Products industry and is categorized as a Small Cap company.<BR><BR>History:<BR>The company was incorporated as a Private Limited Company on December 11, 2010. It underwent a name change to Harsha Engineers International Private Limited following a scheme approved by the Hon'ble National Company Law Tribunal on December 23, 2021, with a fresh Certificate of Incorporation issued on December 31, 2021. The latest reported quarter for sales and profit is March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 373 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 3,997 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 33.00 <BR>Industry P/E: 38 <BR>Dividend Yield: 0.24% <BR>Debt-Equity: -0.09 <BR>Return on Equity: 9.33% <BR>Price to Book: 3.05 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

When is the next results date for Harsha Engg Intl?

No Upcoming Board Meetings

Has Harsha Engg Intl declared dividend?

Harsha Engineers International Ltd has declared a 10% dividend, amounting to ₹1 per share, with an ex-date of September 9, 2024. Despite the dividend declaration, the company has experienced negative total returns in the short term, with modest positive returns over longer periods.

Harsha Engineers International Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 09 Sep 24<BR><BR>Dividend Yield: 0.24%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -18.91%, the dividend return was 0%, resulting in a total return of -18.91%.<BR><BR>Over the past year, the price return was -11.28%, the dividend return was 0.18%, leading to a total return of -11.1%.<BR><BR>In the 2-year period, the price return was 0.9%, the dividend return was 0.45%, culminating in a total return of 1.35%.<BR><BR>For the 3-year period, there was no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>In the 4-year period, both the price return and dividend return were 0%, leading to a total return of 0.0%.<BR><BR>Over the last 5 years, there was again no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>Overall, while Harsha Engineers International Ltd has declared a dividend, the total returns over various periods indicate a mixed performance, with negative returns in the short term and modest positive returns over the longer term.

Who are the peers of the Harsha Engg Intl?

Harsha Engg Intl's peers include PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Ador Welding, Diffusion Eng, Oriental Rail, Mallcom (India), and Sealmatic India. In terms of performance, Harsha Engg Intl has a 1-year return of -21.89%, better than Kirloskar Indus. (-38.01%) but worse than PTC Industries (55.24%).

Peers: The peers of Harsha Engg Intl are PTC Industries, Inox India, Esab India, KRN Heat Exchan, Kirloskar Indus., Ador Welding, Diffusion Eng, Oriental Rail, Mallcom (India), and Sealmatic India.<BR><BR>Quality Snapshot: Excellent management risk is observed at Inox India and Esab India, while Good management risk is found at KRN Heat Exchan and Ador Welding. Average management risk is present at PTC Industries, Kirloskar Indus., Harsha Engg Intl, Diffusion Eng, Oriental Rail, and Mallcom (India). For Growth, Excellent growth is noted at Kirloskar Indus., while Good growth is seen at KRN Heat Exchan and Sealmatic India. Average growth is reported at PTC Industries, Ador Welding, and Diffusion Eng, while Below Average growth is found at Inox India, Esab India, Harsha Engg Intl, Oriental Rail, and Mallcom (India). In terms of Capital Structure, Excellent capital structure is observed at Inox India, Esab India, KRN Heat Exchan, Ador Welding, Diffusion Eng, Mallcom (India), and Sealmatic India, while Good capital structure is noted at Kirloskar Indus., and Average capital structure is present at PTC Industries, Harsha Engg Intl, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is PTC Industries at 55.24%, while the peer with the lowest is Kirloskar Indus. at -38.01%. Harsha Engg Intl's 1-year return of -21.89% is better than Kirloskar Indus. but worse than PTC Industries. Additionally, the peers with negative six-month returns include Kirloskar Indus., Esab India, KRN Heat Exchan, Oriental Rail, and Mallcom (India).

Who are in the management team of Harsha Engg Intl?

As of March 2022, the management team of Harsha Engg Intl includes Rajendra S Shah (Chairman), Harish Rangwala (Managing Director), Vishal Rangwala (CEO), and several other directors, along with Kiran Mohanty as Company Secretary. They oversee the company's strategic direction and management.

As of March 2022, the management team of Harsha Engg Intl includes the following individuals:<BR><BR>1. Rajendra S Shah - Chairman & Wholetime Director<BR>2. Harish Rangwala - Managing Director<BR>3. Vishal Rangwala - Whole Time Director & CEO<BR>4. Pilak Rajendra Shah - Whole Time Director & COO<BR>5. Hetal Brijesh Ukani - Whole-time Director<BR>6. Ambar J Patel - Independent Director<BR>7. Neharika Vohra - Independent Director<BR>8. Kunal Dilipbhai Shah - Independent Director<BR>9. BHUSHAN CHELARAM PUNANI - Independent Director<BR>10. Ramakrishnan Kasinathan - Independent Director<BR>11. Kiran Mohanty - Company Secretary & Compliance Officer<BR><BR>This team is responsible for the strategic direction and management of the company.

Who are the top shareholders of the Harsha Engg Intl?

The top shareholders of Harsha Engg International include promoter Shah Rajendra Shantilal with 13.09%, mutual funds holding 11.72% (led by DSP Small Cap Fund at 7.17%), individual investors at 10.47%, and foreign institutional investors with a combined stake of 0.88%.

The top shareholders of Harsha Engg International include the promoters, who hold the majority of the shares. The promoter with the highest holding is Shah Rajendra Shantilal, owning 13.09%. Additionally, mutual funds hold 11.72% of the shares across three schemes, with the highest public shareholder being DSP Small Cap Fund at 7.17%. Individual investors collectively hold 10.47%, while foreign institutional investors (FIIs) have a smaller stake of 0.88% held by 23 different FIIs.

How big is Harsha Engg Intl?

As of 24th July, Harsha Engineers International Ltd has a market capitalization of 3,694.00 Cr, with recent Net Sales of 1,407.65 Cr and a Net Profit of 89.31 Cr. Shareholder's Funds are 1,175.28 Cr and Total Assets amount to 1,566.60 Cr as of March 2024.

As of 24th July, Harsha Engineers International Ltd has a market capitalization of 3,694.00 Cr, classifying it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 1,407.65 Cr and a Net Profit of 89.31 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 1,175.28 Cr and Total Assets of 1,566.60 Cr.

Is Harsha Engg Intl overvalued or undervalued?

As of November 24, 2025, Harsha Engg Intl is considered undervalued with a PE Ratio of 28.01, significantly lower than its expensive peers like Thermax and BEML Ltd, and despite a year-to-date return of -22.08% compared to the Sensex's 8.65%, it shows potential for recovery and growth.

As of 24 November 2025, Harsha Engg Intl has moved from a fair to a very attractive valuation grade, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE Ratio of 28.01, an EV to EBITDA of 19.15, and a PEG Ratio of 0.00, which suggests that the stock may be undervalued relative to its growth prospects.<BR><BR>In comparison to its peers, Harsha Engg Intl's PE Ratio is notably lower than that of Thermax, which stands at 57.24, and BEML Ltd at 51.32, both of which are categorized as expensive. This reinforces the notion that Harsha Engg Intl is positioned favorably within its industry. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -22.08% compared to the Sensex's 8.65%, further suggesting potential for recovery and growth.

How has been the historical performance of Harsha Engg Intl?

Harsha Engg Intl has shown steady growth in net sales and total operating income, increasing from 1,321.48 Cr in Mar'22 to 1,407.65 Cr in Mar'25, but faced declining profitability with profit after tax dropping from 123.28 Cr to 89.31 Cr. Total assets rose significantly, while cash flow from operating activities improved from 36.00 Cr to 206.00 Cr, indicating better cash generation capabilities.

Answer:<BR>The historical performance of Harsha Engg Intl shows a steady growth in net sales and total operating income over the past four years, with net sales increasing from 1,321.48 Cr in Mar'22 to 1,407.65 Cr in Mar'25. The total operating income followed a similar trend, rising from 1,321.48 Cr to 1,407.65 Cr during the same period. However, the operating profit (PBDIT) exhibited fluctuations, peaking at 219.08 Cr in Mar'23 and then declining to 212.67 Cr in Mar'25. Profit before tax also saw a decrease from 167.12 Cr in Mar'23 to 135.68 Cr in Mar'25, while profit after tax dropped from 123.28 Cr to 89.31 Cr in the same timeframe. The earnings per share (EPS) decreased from 13.54 in Mar'23 to 9.81 in Mar'25, reflecting a decline in profitability. On the balance sheet, total assets grew from 1,158.26 Cr in Mar'22 to 1,691.06 Cr in Mar'25, with total liabilities also increasing from 1,158.26 Cr to 1,691.06 Cr. The company maintained a stable equity capital of 91.04 Cr over the last two years, while reserves significantly increased from 444.61 Cr in Mar'22 to 1,163.10 Cr in Mar'25. Cash flow from operating activities improved from 36.00 Cr in Mar'22 to 206.00 Cr in Mar'25, indicating better cash generation capabilities.<BR><BR>Breakdown:<BR>Harsha Engg Intl has demonstrated a consistent upward trajectory in net sales and total operating income, with figures rising from 1,321.48 Cr in Mar'22 to 1,407.65 Cr in Mar'25. Despite this growth, the operating profit (PBDIT) has fluctuated, reaching a high of 219.08 Cr in Mar'23 before declining to 212.67 Cr in Mar'25. Profit before tax and profit after tax both decreased over the same period, indicating challenges in maintaining profitability, with profit after tax falling from 123.28 Cr to 89.31 Cr. The company's earnings per share also declined, reflecting the impact of reduced profits. On the balance sheet, total assets increased significantly, from 1,158.26 Cr to 1,691.06 Cr, alongside a rise in total liabilities, which mirrored this growth. The equity capital remained stable, while reserves saw substantial growth, indicating a strengthening financial position. Cash flow from operating activities improved markedly, showcasing enhanced cash generation from operations.

Is Harsha Engg Intl technically bullish or bearish?

As of December 1, 2025, Harsha Engg Intl has shifted to a bearish trend, indicated by negative signals from multiple technical indicators, including the MACD, Bollinger Bands, and moving averages, alongside a year-to-date return of -22.61% compared to the Sensex's 9.60%.

As of 1 December 2025, the technical trend for Harsha Engg Intl has changed from sideways to bearish. The current technical stance is bearish with a strong indication from multiple indicators. The weekly MACD is bearish, supported by bearish signals from both the Bollinger Bands and the daily moving averages. The KST is also bearish on a weekly basis. There are no significant signals from the RSI or Dow Theory, indicating a lack of upward momentum. Overall, the bearish sentiment is reinforced by the stock's poor performance relative to the Sensex over various time frames, particularly the year-to-date return of -22.61% compared to the Sensex's 9.60%.

Are Harsha Engineers International Ltd latest results good or bad?

Harsha Engineers International Ltd's latest results show a 25.83% year-on-year increase in net profit to ₹36.44 crore, but a 3.93% decline from the previous quarter, alongside a slight revenue growth. While the company remains profitable, it faces margin compression and cost pressures, indicating cautious optimism for investors.

Harsha Engineers International Ltd's latest results present a mixed picture. In Q2 FY26, the company reported a net profit of ₹36.44 crore, which is a significant year-on-year increase of 25.83%. However, this represents a decline of 3.93% compared to the previous quarter. The net sales for the same period were ₹378.34 crore, showing a year-on-year growth of 7.31% and a sequential increase of 3.57%.<BR><BR>While the revenue growth indicates resilience in demand, the operating margin has come under pressure, declining to 14.14% from 15.17% in the previous quarter, marking a 103-basis-point drop. This decline in margins reflects ongoing cost pressures that the company has been facing.<BR><BR>Overall, the results highlight a company that is maintaining profitability and showing some growth, but also grappling with margin compression and a slight sequential decline in profit. The current financial performance suggests cautious optimism, but investors should be aware of the challenges related to cost management and margin sustainability.

Should I buy, sell or hold Harsha Engineers International Ltd?

Why is Harsha Engineers International Ltd falling/rising?

As of 17-Mar, Harsha Engineers International Ltd's stock price is rising to Rs 340.35 after a trend reversal, despite a decline over the past week and month. Increased investor participation is noted, but long-term growth concerns remain due to poor performance metrics.

As of 17-Mar, Harsha Engineers International Ltd's stock price is rising, currently at Rs 340.35, reflecting an increase of Rs 2.2 or 0.65%. This upward movement comes after a trend reversal, as the stock has gained after four consecutive days of decline. Additionally, the stock has outperformed its sector by 0.42% today and reached an intraday high of Rs 344.95, which is a 2.01% increase.<BR><BR>Despite this positive performance today, the stock has shown a decline over the past week and month, with returns of -4.41% and -10.74%, respectively. It is also close to its 52-week low, being only 3.04% away from Rs 330. However, there has been a notable increase in investor participation, with delivery volume rising by 131.36% compared to the five-day average, indicating growing interest among investors.<BR><BR>The company's financial metrics present a mixed picture. While it has a low debt-to-equity ratio and a reasonable return on equity (ROE) of 9.6, its long-term growth has been poor, with net sales growing at an annual rate of only 3.18% over the last five years. This consistent underperformance against benchmarks over the past three years, coupled with a decline in returns of -8.01% in the last year, raises concerns about its future growth prospects.<BR><BR>In summary, the stock is currently rising due to a short-term trend reversal and increased investor participation, despite facing longer-term challenges and underperformance against benchmarks.

Why is Harsha Engineers International Ltd falling/rising?

As of 18-Mar, Harsha Engineers International Ltd's stock price is at 340.55, with a slight increase of 0.3 (0.09%). Despite this minor rise, the stock has experienced significant declines over various periods, indicating a bearish trend and ongoing challenges in performance and growth.

As of 18-Mar, Harsha Engineers International Ltd's stock price is currently at 340.55, reflecting a slight increase of 0.3 (0.09%). Despite this minor rise, the stock has shown a significant decline over various periods, with a 1-week drop of 3.84% and a 1-month decrease of 11.89%. Year-to-date, the stock has fallen by 9.75%, and over the past year, it has decreased by 11.15%, contrasting sharply with the Sensex, which has gained 1.86% in the same timeframe.<BR><BR>The stock is currently trading close to its 52-week low, just 3.1% above it, indicating a lack of upward momentum. Furthermore, it has underperformed its sector by 1.82% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a bearish trend in the stock's performance.<BR><BR>On a more positive note, there has been a rise in investor participation, with delivery volume increasing by 19.39% against the 5-day average, which may indicate some interest from investors. However, the overall financial health of the company raises concerns, as it has shown poor long-term growth with net sales growing at an annual rate of only 3.18% and operating profit at 1.51% over the last five years. Additionally, the stock has consistently underperformed against benchmarks over the last three years.<BR><BR>In summary, while there is a slight uptick in the stock price today, the broader context of declining performance metrics, underwhelming growth rates, and a position near its 52-week low suggests that the stock is facing significant challenges, contributing to its overall downward trend.

Why is Harsha Engineers International Ltd falling/rising?

As of 19-Mar, Harsha Engineers International Ltd's stock is rising, currently priced at 343.05 with a 0.28% increase. Despite recent gains, the stock remains below its moving averages and close to its 52-week low, reflecting a challenging long-term outlook with a -12.38% return over the past year.

As of 19-Mar, Harsha Engineers International Ltd's stock price is currently rising, with a change of 0.95 (0.28%) to a current price of 343.05. This upward movement is notable as the stock has been gaining for the last three days, resulting in a total increase of 1.45% during this period. Additionally, the stock has outperformed its sector by 1.91% today, indicating a relative strength compared to its peers.<BR><BR>Despite the recent gains, the stock is still trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests that while there is a short-term rise, the stock may still be under pressure in the longer term. Furthermore, the stock is close to its 52-week low, being only 3.8% away from the low of Rs 330.<BR><BR>Investor participation appears to be increasing, as evidenced by a delivery volume of 17.12k on March 18, which is up by 28.27% compared to the 5-day average. This rise in trading activity may contribute to the stock's current upward movement.<BR><BR>However, it is essential to consider the broader context of the stock's performance. Over the past year, Harsha Engineers has generated a return of -12.38%, indicating a significant decline in value compared to the benchmark. The company has also shown poor long-term growth, with net sales and operating profit growing at annual rates of only 3.18% and 1.51%, respectively, over the last five years. Despite these challenges, the stock's recent performance reflects a temporary rise amidst a generally unfavorable long-term outlook.

Why is Harsha Engineers International Ltd falling/rising?

As of 20-Mar, Harsha Engineers International Ltd's stock price is Rs 339.65, down 0.95%, reflecting a significant decline over the past year and month, and trading below its moving averages, indicating a bearish trend. The stock's poor performance is compounded by low long-term growth rates and proximity to its 52-week low, contributing to negative investor sentiment.

As of 20-Mar, Harsha Engineers International Ltd's stock price is falling, currently at Rs 339.65, which reflects a decrease of Rs 3.25 or 0.95%. This decline follows a trend where the stock has underperformed against the benchmark, with a 1-year return of -13.34% compared to the BSE500's -2.38%. <BR><BR>The stock has also shown a significant drop over the past month, with a decrease of 10.42%, while the Sensex fell only 10.00%. Additionally, the stock is trading lower than its moving averages across various time frames, indicating a bearish trend. <BR><BR>Today, despite opening with a gain of 7.9% and reaching an intraday high of Rs 370, the stock has since fallen, reflecting high volatility with an intraday fluctuation of 7.4%. The performance today has been particularly poor, underperforming its sector by 1.21%. <BR><BR>Moreover, the stock is close to its 52-week low, just 2.84% away from Rs 330. The company's financials also indicate challenges, with low long-term growth rates in net sales and operating profit over the past five years, contributing to a negative sentiment among investors. Overall, these factors collectively explain the current decline in Harsha Engineers International Ltd's stock price.

Why is Harsha Engineers International Ltd falling/rising?

As of 23-Mar, Harsha Engineers International Ltd's stock price is at Rs. 328.05, down 3.27%, and has reached a 52-week low of Rs. 325. The stock has consistently underperformed, with a one-year return of -15.80%, and weak long-term growth prospects, leading to negative investor sentiment.

As of 23-Mar, Harsha Engineers International Ltd's stock price is falling, currently at Rs. 328.05, which reflects a decrease of Rs. 11.1 or 3.27%. The stock has been on a downward trend, having lost 4.33% over the last two days and hitting a new 52-week low of Rs. 325 today. This decline is compounded by the fact that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent underperformance.<BR><BR>In terms of broader market performance, the stock has also underperformed against the benchmark Sensex, with a one-year return of -15.80% compared to the Sensex's -5.47%. Additionally, the engineering sector, to which Harsha Engineers belongs, has seen a decline of 4.11%. The falling investor participation is another concerning factor, as evidenced by a significant drop in delivery volume, which has decreased by 62.1% against the 5-day average.<BR><BR>Despite some positive factors, such as a low debt-to-equity ratio and a fair valuation compared to peers, the company's long-term growth prospects appear weak. Net sales and operating profit have grown at low annual rates of 3.18% and 1.51%, respectively, over the past five years. This consistent underperformance and the recent price movements suggest that investor sentiment is currently negative, contributing to the stock's decline.

Why is Harsha Engineers International Ltd falling/rising?

As of 24-Mar, Harsha Engineers International Ltd's stock price is at 328.95, showing a minor increase but a significant decline over the past year and year-to-date. Despite a rise in investor participation, the overall sentiment remains cautious due to poor long-term growth metrics and consistent underperformance against benchmarks.

As of 24-Mar, Harsha Engineers International Ltd's stock price is currently at 328.95, reflecting a slight increase of 0.9 (0.27%). Despite this minor rise, the stock has shown a significant decline over various periods, including a 1-year drop of 19.38% and a year-to-date decrease of 12.83%. The stock has also recently hit a new 52-week low of Rs. 325, indicating ongoing challenges.<BR><BR>The stock's performance today has underperformed its sector by 1.98%, and it has been trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a bearish trend in the stock's performance.<BR><BR>However, there are some positive indicators. There has been a rise in investor participation, with delivery volume increasing by 72.3% compared to the 5-day average. Additionally, the engineering sector has gained by 2.23%, which may provide some support for the stock.<BR><BR>Despite the current rise in price, the overall sentiment remains cautious due to the company's poor long-term growth metrics, such as low net sales growth and operating profit over the last five years. The stock's consistent underperformance against benchmarks further contributes to a negative outlook. Thus, while there is a slight uptick in price, the broader context indicates ongoing struggles for Harsha Engineers International Ltd.

Why is Harsha Engineers International Ltd falling/rising?

As of 25-Mar, Harsha Engineers International Ltd's stock is at Rs 333.00, down 0.3%, and has significantly underperformed the Sensex with a 14.94% decline over the past year. Key issues include poor growth metrics, declining investor interest, and consistent underperformance against benchmarks.

As of 25-Mar, Harsha Engineers International Ltd's stock price is currently at Rs 333.00, reflecting a decrease of Rs 1.0 or 0.3%. The stock has been underperforming significantly compared to the benchmark Sensex, with a decline of 14.94% over the past year, while the Sensex has only fallen by 3.52%. This consistent underperformance is indicative of broader issues within the company, including poor long-term growth, as evidenced by a net sales growth rate of only 3.18% and an operating profit growth rate of 1.51% over the last five years.<BR><BR>Today's performance shows that the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.4% away from Rs 325. The trading volume has also decreased, with a delivery volume drop of 14.56% against the 5-day average, indicating falling investor participation.<BR><BR>While the company has a low debt-to-equity ratio and a relatively attractive valuation with a price-to-book value of 2.3, these positives are overshadowed by the flat financial results and low return on capital employed (ROCE) of 11.28%. The stock's performance today has underperformed its sector by 2.48%, further contributing to the downward pressure on its price. Overall, the combination of poor growth metrics, declining investor interest, and consistent underperformance against benchmarks are key factors contributing to the stock's decline.

Which are the latest news on Harsha Engg Intl?